India’s largest two-wheeler manufacturer Hero MotoCorp on Wednesday said the company has partnered with Taiwan-based Gogoro Inc to collaborate in the field of electric mobility.
Gogoro and Hero MotoCorp’s agreement includes a joint venture to build a battery swapping network in India and will collaborate on electric vehicle development to bring Hero-branded, powered by Gogoro network vehicles to market.
Hero MotoCorp will also launch electric two-wheelers based on Gogoro technology under its own brand. This will mark the first time the company has launched electric vehicles. (The partnership is not to be confused with Hero Electric, which is run by relatives of Hero MotoCorp’s founders, but is a separate company).
''Today marks another major milestone in our journey, as we bring Hero's leadership in two-wheelers, our global scale and innovation powerhouse, with the leadership of Gogoro in swapping business model, as they have demonstrated over the years in Taiwan and rest of the world,'' Hero MotoCorp Chairman and CEO Pawan Munjal said in a statement.
The vision and commitment of Hero and Gogoro is perfectly aligned towards the common goal of accelerating the shift to smart, sustainable electric mobility in India, and around the world, Munjal noted.
''With this new partnership, we commit to introducing a sustainable mobility paradigm, first in India and then in other markets around the world. This partnership will strengthen and expedite the Indian government's electrification drive and will have a significant impact on India's energy and mobility future,” he added.